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Tuesday, April 24, 2012

New 52 Week Highs: (ALGN), (HSY), (CSL), (HXL), (MAIN)

Stocks hitting new 52 week highs on April 24 are Align Technology Inc, Hershey Co, Carlisle Companies Inc, Hexcel Corp, and Main Street Capital Corporation. Investors are buying the stock and pushing it higher because they may think that these stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.

Shares of Align Technology Inc (ALGN) had a total return adjusted 52 week high today of $29.65 per share and are currently trading at $31.62. The stock traded higher by 15.23% or $4.18/share to $31.62. The stock recorded a trading volume of 2926216 today. This represents 10.42 times the average volume for Align Technology Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Hershey Co (HSY) had a total return adjusted 52 week high today of $63.27 per share and are currently trading at $66.14. The stock traded higher by 6.19% or $3.86/share to $66.14. The stock recorded a trading volume of 2931484 today. This represents 5.61 times the average volume for Hershey Co. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Carlisle Companies Inc (CSL) had a total return adjusted 52 week high today of $52.89 per share and are currently trading at $53.90. The stock traded higher by 8.30% or $4.13/share to $53.90. The stock recorded a trading volume of 684110 today. This represents 6.23 times the average volume for Carlisle Companies Inc. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Hexcel Corp (HXL) had a total return adjusted 52 week high today of $26.97 per share and are currently trading at $27.06. The stock traded higher by 2.93% or $0.77/share to $27.06. The stock recorded a trading volume of 1489914 today. This represents 4.16 times the average volume for Hexcel Corp. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.

Shares of Main Street Capital Corporation (MAIN) had a total return adjusted 52 week high today of $25.53 per share and are currently trading at $26.17. The stock traded higher by 5.52% or $1.37/share to $26.17. The stock recorded a trading volume of 435914 today. This represents 5.11 times the average volume for Main Street Capital Corporation. Higher than average volume can sometimes signal a technical breakout or perhaps that new information was released about the company. Volume is often used as a lie detector and high volume gives validity to the price move. Stay tuned for more updates on the company and investors may want to look for this momentum to continue.